Examlex
What proposition is represented by the following Venn diagram?
Ultra Vires Doctrine
A legal principle that acts of a corporation must fall within the limits of the powers granted by law and the corporation's own constitution.
Criminally Liable
The legal responsibility or accountability of a person or entity for violations of criminal law, subject to penalties such as fines or imprisonment.
Governing Document
A formal record that establishes the rules, regulations, or principles by which an organization or entity is governed.
Certificate of Authority
A document issued by a state government granting a company permission to do business in that state as a foreign (out-of-state) entity.
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